Conservative Daily News » Julyhttp://www.conservativedailynews.com
The best conservative political news, analysis and opinion articles written by a collection of citizen journalists. Covering a range of important topics in blogs, op-ed, and news posts, these upstanding patriots are bringing back American exceptionalism with every entry..Sun, 01 Mar 2015 18:00:40 +0000en-UShourly1http://wordpress.org/?v=4.1.1July Durable Goods Orders Come in Better Than Expectedhttp://www.conservativedailynews.com/2011/08/july-durable-goods-orders-come-in-better-than-expected/
http://www.conservativedailynews.com/2011/08/july-durable-goods-orders-come-in-better-than-expected/#commentsWed, 24 Aug 2011 13:18:10 +0000http://conservativedailynews.com/?p=17017New orders for manufactured durable goods in July increased $7.7 billion or 4.0 percent to $201.5 billion, the U.S. Census Bureau announced today.

The report showed a return from weakness mainly in automobiles and aircraft manufacturing. And some renewed weakness in the defense sector.

Excluding transportation, new orders increased just 0.7 percent. Cars and auto parts grew a much more than expected 11.7% over June probably illustrating a recovery from the impacts of the Japanese earthquake and tsunami.

Commercial aircraft and parts also contributed to the positive report with a 7.9% month-over-month increase in shipments and a surprising increase of 43.4% in new orders.

The negative side of the report focused on defense spending. Military aircraft and parts shipments dropped 9.7% and new orders were 6.1%. In June the same sector had seen new orders drop more than 20%.